Tullow Oil plc 25% Potential Upside Indicated by Morgan Stanley

Broker Ratings
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Tullow Oil plc with EPIC/TICKER (LON:TLW) had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘EQUAL WEIGHT’ today by analysts at Morgan Stanley. Tullow Oil plc are listed in the Oil & Gas sector within UK Main Market. Morgan Stanley have set their target price at 252 GBX on its stock. This would imply the analyst believes there is now a potential upside of 25.0% from the opening price of 201.6 GBX. Over the last 30 and 90 trading days the company share price has decreased 12.2 points and decreased 21.4 points respectively. The 52 week high for the share price is currently at 273.9 GBX while the 52 week low for the share price is 163.3 GBX.

Tullow Oil plc has a 50 day moving average of 227.67 GBX and a 200 Day Moving Average share price is recorded at 220.99. There are currently 1,402,857,564 shares in issue with the average daily volume traded being 5,449,577. Market capitalisation for LON:TLW is £2,854,815,142 GBP.

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    Tullow Oil plc on track to achieve its free cash flow targets and has resolved operational issues. Financially, Tullow Oil has seen revenue growth and debt reduction.

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